Studio flat · NE8 2EU
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
| STUDIO APARTMENT WITH PRIVATE TERRACE | UNDERGROUND PARKING IN A SOUGHT-AFTER QUAYSIDE LOCATION | Offered on a furnished basis and available immediately, this well-presented studio apartment is located within the popular Ochre Yards development on the banks of the River Tyne.
Ideally placed for access to the Quayside, Newcastle City Centre and Gateshead, the property benefits from a private terrace, secure underground parking, telephone entry system and a modern kitchen with integrated appliances.
Early viewing is highly recommended. Energy Efficiency Rating D. Council Tax Band A. Holding Deposit: One weeks rent to reserve, then taken off your move in monies. Damage Deposit: Five Weeks Rent.
Studio Area Kitchen Area Bathroom Material Information This property is managed by Living Spaces.
Tenure: We have been advised the property is leasehold (Please note the service charge and ground rent are payable by the landlord not tenant). Council Tax: Band A.
Authority; gateshead.gov.uk/article/2641/2023-24-Council-Tax-valuation-bands Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Heating is via electric heaters.
Broadband: Follow the link to check broadband providers and speeds; broadbandcheck.co.uk Mobile Phone Coverage: Follow the link to check mobile signal for all networks; signalchecker.co.uk Parking: There is an allocated parking bay underground accessed via a fob.
We have not been advised of any restrictive Covenants at the outset of marketing.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Tranquil House, Worsdell Drive, Gateshead, Tyne & Wear, NE8
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